2.1 billion dollars (2020 est.) Unless otherwise noted, all figures are in US dollars. Since the start of the Syrian war in March 2011, Syria’s economic position has been volatile and has deteriorated significantly.
What is Syria’s GDP in 2019?
Syria’s GDP in 2019 was $22,778 million, putting it at number 109 in our ranking of 196 nations by GDP. Syria’s GDP increased by $1,288 million in absolute terms over the previous year. Syria’s GDP per capita in 2019 was $1,334, up $66 over the previous year’s $1,268.
In 2021, what would Syria’s GDP be?
According to Trading Economics global macro models and analysts, Syria’s GDP is anticipated to reach 27.26 USD billion by the end of 2021. According to our econometric models, Syria’s GDP is expected to trend at 16.60 billion dollars in 2022.
Afghanistan
Continual violent strife, government corruption, and widespread income disparity plague this mountainous nation. The Taliban retook control of Afghanistan’s government after the United States and the United Nations withdrew their forces in mid-2021. While the long-term impact of this change on Afghanistan’s economy is unknown, the Taliban’s ongoing conflicts with ISIL, as well as its forcible closure of female-owned businesses and refusal to allow girls to attend school, are widely seen as conditions unlikely to lead to a more robust and stable economy.
North Korea
Although North Korea may be Asia’s poorest country, the country’s notoriously secretive leadership rarely provides data, so economists must rely heavily on expert estimates. The authoritarian regime’s weak governance is blamed for North Korea’s poverty. In North Korea, the free market is almost non-existent. According to estimates, around 60% of North Korea’s population would be poor by 2020.
Nepal
Political instability and corruption, a lack of industry, and a reliance on agriculture are all factors contributing to Nepal’s poverty. Despite its abundance of natural resources, Nepal has not taken advantage of them by exporting them to other countries.
Tajikistan
Tajikistan is routinely ranked as Asia’s second or third poorest country by most measures. Tajikistan’s economy is stalled due to a lack of infrastructure. Tajikistan has one of the world’s largest remittance economies, since many competent people leave the nation in quest of better job prospects. In addition, during the 1990s, Tajikistan’s civil conflict destroyed almost one-fifth of the country’s schools, robbing children of their right to an education, which is one of the most important factors in alleviating poverty.
Yemen
Yemen is ranked 168th out of 177 countries on the UN’s Human Development Index (HDI), indicating that it is one of the world’s poorest countries. Yemen’s poverty arises from the country’s protracted civil war, corruption, and mismanagement of the economy. As a result of the civil conflict, an increasing number of Yemenis are living in poverty. Approximately 79 percent of the population is poor, with 65 percent classified as extremely poor.
Kyrgyzstan
Kyrgyzstan is Asia’s fifth poorest country in terms of GDP per capita (current US$). Around 32% of Kyrgyzstan’s population lives in poverty. The country’s reliance on agriculture, as well as disparities in knowledge and resources among its people, are the main reasons of poverty in Kyrgyzstan. Kyrgyzstan also has few natural resources that are appealing to the rest of the world, with cotton and tobacco being the only products it can export. Furthermore, many parts of Kyrgyzstan lack basic banking and financial services, which discourages people from investing and slows economic progress.
Cambodia
Cambodia has a scarcity of human resources and a widening wealth gap. Despite recent economic gains, the country remains impoverished, and the government has done little to develop the infrastructure needed to raise millions of people out of poverty.
Myanmar
Around 26% of Myanmar’s population lives in poverty, with rural areas accounting for 70% of the country’s population. Poor government planning, internal unrest, a lack of foreign investment, a huge trade deficit, and insufficient infrastructure and know-how to take advantage of the country’s natural resources are the key contributors to slow economic growth.
Syria
Because Syria rarely releases official economic data, economists must rely on their best guesses, which depict a grim picture. As of 2017, almost 80% of Syrians lived in poverty or near poverty, a 45 percent rise from 2007. The Syrian Civil War, which has destroyed health-care infrastructure and educational facilities, is the primary reason of the significant rise in poverty. Education is one of the best ways out of poverty, but due to the conflict, about half of Syrian children no longer attend school. Syria has also seen extremely high inflation in recent years, hitting a high of 121.29 percent in 2014.
Pakistan
Despite Pakistan’s abundant natural resources, about 40% of the country’s population lives in abject poverty. Government corruption and elitism, religious and secular conflict, and a lack of democratic values are all factors contributing to this dysfunction. The government also spends the majority of its national budget on defense, with education accounting for only 2.6 percent of its overall GDP. As a result, about half of Pakistan’s population is illiterate.
India
Despite being the world’s fifth-largest economy in terms of GDP, roughly 21% of India’s population (269 million people) lives in poverty. Poverty in India is caused by illiteracy, gender discrimination, unequal economic distribution, and the country’s rapidly growing population.
Uzbekistan
Uzbekistan, a former Soviet republic, is a promising producer of commodities such as gold, copper, uranium, petroleum gas, cotton, and grapes. However, because to widespread governmental corruption, the earnings from these industries mostly benefit a small group of citizens. Economists believe corruption, as well as the income inequality it causes, to be a key impediment to the country’s progress out of poverty.
Timor-Leste
This half-island republic in the South Pacific (which may easily be regarded part of Oceania rather than Asia) is still growing after only gaining independence from Indonesia in 2002. Despite the fact that Timor-Leste (formerly known as East Timor) exports a lot of coffee, as well as marble, sandalwood, and an increasing amount of oil and gas, many of its people still rely on subsistence farming. Additional barriers to economic progress are typically highlighted as a rudimentary judicial system, a low but improving adult literacy rate, and particularly weak telecommunications infrastructure.
Syria has what kind of economy?
Syria is a Middle Eastern country bordering the Mediterranean Sea. Iraq, Israel, Jordan, Lebanon, and Turkey are all close neighbors. Syria’s terrain is mostly semi-arid and desert plateau, with a double mountain belt in the west. The government is a republic with an authoritarian regime; the president is the chief of state, and the prime minister is the head of government. Syria has a mixed economy in which individual freedom is limited while the economy is tightly regulated by the government. Syria belongs to the League of Arab States (Arab League).
What is the literacy rate in Syria?
According to UNESCO, Syria has an adult literacy rate of 80.84 percent. The male literacy rate is 87.76 percent, whereas the female literacy rate is 73.63 percent, indicating a gender difference.
In comparison to other neighboring states, it ranks 90th in terms of literacy rate.
Is Syria still in conflict?
Syria’s unrest began on March 15, 2011, as part of the larger Arab Spring protests against the Syrian government, and quickly escalated into an armed conflict after protests calling for Assad’s resignation were ruthlessly suppressed. The Syrian Armed Forces and their domestic and international allies, a loose alliance of mostly Sunni opposition rebel groups (such as the Free Syrian Army), Salafi jihadist groups (such as al-Nusra Front and Tahrir al-Sham), the mixed Kurdish-Arab Syrian Democratic Forces (SDF), and the Islamic State of Iraq and the Levant (ISIL) are currently fighting each other (ISIL). The war reached its apex in 2015; while violence in the country has decreased since then, the situation remains a disaster.
Iran, Russia, Turkey, and the United States are among the foreign governments that have either directly intervened in the conflict or supplied support to one or more factions. Iran, Russia, and Hezbollah all provide military support to Syria’s Arab Republic and Armed Forces, with Russia undertaking airstrikes and other military activities since September 2015. The international coalition led by the United States, which was formed in 2014 with the stated goal of combating ISIL, has carried out airstrikes largely against ISIL, as well as some against government and pro-government targets. They’ve also sent special forces and artillery teams on the ground to fight ISIL. Since 2015, the United States has provided material, financial, and logistical support to the Autonomous Administration of North and East Syria and its armed branch, the Syrian Democratic Forces (SDF). Since 2016, Turkish forces have fought the SDF, ISIL, and the Syrian government, but they have also actively aided the Syrian opposition, occupying large parts of northwestern Syria and engaged in considerable ground fighting. Between 2011 and 2017, Syrian civil war violence spilled over into Lebanon, with opponents and supporters of the Syrian government battling and attacking each other on Lebanese land, with ISIL and al-Nusra engaging the Lebanese Army. Furthermore, while declaring itself impartial, Israel has exchanged border fire and launched many strikes against Hezbollah and Iranian soldiers in southwestern Syria, whom it considers a danger.
Almost all sides involved, including the Baathist Syrian government, ISIL, opposition rebel groups, Russia, Turkey, and the US-led coalition, have been accused of grave human rights violations and massacres, according to international organizations. Millions of people have fled to neighboring countries such as Turkey, Lebanon, and Jordan as a result of the fighting. Several peace initiatives have been made throughout the war, notably the United Nations-led Geneva peace negotiations on Syria in March 2017, but combat has persisted.
What is Syria’s most prevalent occupation?
From 2009 to 2019, the graph depicts the distribution of employment in Syria by economic sector. In Syria, 10.13 percent of people worked in agriculture, 23.19 percent in industry, and 66.7 percent in the service sector in 2019.